Hong Kong technology investment company MemeStrategy has become the first publicly listed company in Hong Kong to invest in Solana (SOL), purchasing 2,440 Solana tokens and committing to support the broader Solana ecosystem, resulting in a 28.5% surge in its stock price.
MemeStrategy stated in a press release on Monday that it purchased 2,440 Solana (SOL) tokens for approximately HKD 2.9 million (USD 368,820) through the OSL Group, a cryptocurrency platform licensed by the Hong Kong Securities and Futures Commission (SFC).
The transaction was executed at an average price of about USD 151.70 per SOL and is part of MemeStrategy's plan to expand its presence in the Solana ecosystem, including participation in Solana's proof-of-stake framework to contribute to network security and earn staking rewards.
As Asia's first publicly listed digital asset company, MemeStrategy indicated that its board recognizes Solana's potential in the tokenization of real-world assets and AI-driven Web3 solutions.
"This investment is closely aligned with our strategy focused on artificial intelligence, blockchain, verification technology, and next-generation technology development, marking an important step for MemeStrategy in expanding within the digital asset and Web3 ecosystem."
According to Google Finance data, MemeStrategy (2440.HK) shares rose 28.5% on Monday on the Hong Kong Stock Exchange, reaching HKD 2.57, and further increased to HKD 2.70 in early trading on Tuesday.
This rise brought MemeStrategy's market capitalization to HKD 652.55 million (approximately USD 83.1 million).
MemeStrategy is managed by the meme platform 9GAG, which has over 200 million users, strategically investing in artificial intelligence, blockchain, and cultural sectors leveraging its expertise in social media and Web3.
According to a recent report seen by Bloomberg, analysts at Cantor Fitzgerald stated that companies considering investing in Solana could benefit from the increasing use of the token in the financial industry.
Cantor analyst Thomas Shinske noted that Solana's high-speed, low-cost network could be well-suited for tokenized securities, allowing companies to support network security and earn rewards.
Shinske stated, "As liquidity increases, fundraising becomes easier, and Solana treasury companies can emulate the 'Saylor playbook' to raise funds at a premium above net asset value (NAV), purchase SOL, and increase their SOL holdings per share."
"Combining staking with treasury operations should enable Solana treasury companies to grow their SOL per share at a faster rate than Bitcoin (BTC) treasury companies grow their BTC per share, all else being equal."
A chart from Bloomberg shows that since April 16, Solana treasury companies Upexi and DeFi Development Corp have significantly outperformed SOL, rising 306% and 207%, respectively, while SOL has only increased by 19% during the same period.
Another Solana treasury company, Sol Strategies, also saw a 33% increase.
Related: Eric Trump claims to be the "biggest fan" of Sun Yuchen but denies involvement in the public project of Tron.
Original article: “MemeStrategy, founded by 9GAG, surges 29% after first purchase of Solana (SOL)”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
